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rehab DEAL

Jocelyn Sumiyoshi

Generations Realty LLC in Azusa, CA
Jocelyn Sumiyoshi with Marissa Marquez

The deal was off the MLS. It was a 2 bedroom 1 bathroom condo next to a golf course. The purchase price was not bad. The down payment was funded by my own 401 and the rest was a conventional loan from a bank. The HOA took care of the outside so I just have to do a cosmetic fix on the inside. My lease was expiring and this came so even though the profits were slim mortgage is less than my rent so the savings plus the experience makes it worthwhile for me.

Rehab Details

Property City:
Azusa
Property State:
CA
Purchase Price:
$26,000
Repair Costs:
$13,000
Holding Costs:
$9,085
Sale Price:
$310,000
* These examples depicting income or earnings are NOT to be interpreted as common, typical, expected, or normal for an average student. Although we have numerous documented successful deals from our coaching students, we cannot track all of our students’ results, and therefore cannot provide a typical result. You should assume that the average person makes little to no money or could lose money as there is work and risk associated with investing in real estate. The students depicted have participated in advanced FortuneBuilders’ training and coaching. The participants shown are not paid for their stories; however, some of the students depicted may also be a FortuneBuilders' coach, and our coaches are compensated for their services. We believe in full transparency, so please read our Earnings and Income Disclaimers and Terms of Use

Case Study

How did the FortuneBuilders team and resources help you to accomplish this deal?

I was not fully confident that I was ready but I know that my fellow mastery students as well as the coaches and FortuneBuilders will have my back should the need arise which fortunately it did not.

Before & After Photos